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"morning joe." now time for "the daily rundown". >>> big disappointment on the job front. employment stalled, unemployment rises to 9.2%, stock futures dropping big-time on the news. the president will address the numbers later this morning. >>> no deal yet, but president obama and congressional leaders will work all weekend and instead of barbs we're hearing words like "constructive" and "productive." optimism abounds as a deal is truly in the works. both sides seem prepared for seergs concessions. what do these jobs numbers mean and will they hold up a deal as it gets rid of a lot of other issues at this point? >>> and with outside groups set to pour millions into the 2012 race, what's an incumbent pro president to do? is fighting fire with fire the answer? it's friday, june 8, 2012. >>> also this morning, waiting the final shuttle launch. will weather clear in time? and we've honored a departed friend you've invited into your living rooms for decades. >>> this jobs report, we thought the big news today would be the debt talks, but a stunning jobs report, gain of just 1
fitsity still. there's no legislative language. it looks like what could be a pretty big tax increase. the spending cuts i think are highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which after all has been available to us for two years the senate won't even pass a budget, why we think that this will result in real spending cuts is not clear to me. >> the other dynamic here is the mcconnell-reid proposal. that is going to get to the floor at some point. now the idea of being that the gang of six proposal is too late to be scored by cbo to really be put i
ahead with a big deal maybe triggered in or staged later? >> i heard what the president said. i don't think business itself is bothered by the debt ceiling deal or no deal. i think what they may be bothered by is the uncertainty surrounding future tax regime that's going to be required to deal with these deficits. however, factoring into the negotiations what maybe somewhat helpful to the president in a slew of numbers that by and large are totally unhelpful is we're seeing the near term effects of cutting back in government spending. it cost jobs. not just in the government sector, but also in knock on private sector jobs as well. >> steve liesman with all the numbers and what that mean. thank you so much. good to see you, steve. republicans using the bad jobs report to scuttle any new taxes in a budget deal. joining me now virginia democratic senator mark warner a key member of the so-called gang of slight, slightly shrunk to five. still hoping senators working for months on ways to reduce the deficit. your quick reaction to the jobs report first and how it will effect the negotia
as you know can happen instantly if some big player decides to sell off. >> obviously i'm not qualified to speak on behalf of the markets and what they will or will not do, but just my own judgment based upon all the various kinds of conversations that are occurring, are that we will find a way to deal with this issue. we do know that the root cause of our debt and deficit problem is spending is just too high. we also want economic growth. we don't want to embrace policies that we sincerely believe will damage the economy and hurt job creation. if you do that, then you lose even more revenues. so what we want to do is get a downpayment on our deficit and debt by getting spending cuts. i think that there are constructive conversations that are occurring both sides of the rotund rotunda, both sides of pennsylvania avenue. i do believe cooler heads will prevail. >>> what are the constructive conversations? for instance, are some elements of the gang of six proposal, i know you said it's not specific enough, it doesn't go adequately to slowing the growth of health spending, but are there co
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
.5 trillion does not make any of the big issues go away. sooner or later republicans are going to have to swallow some revenue increases. host: what is the purpose of today's news conference from the president? caller: the purpose for the president is to set a delicate balance. on the one hand he wants to claim the political high ground, i assume, saying that he tried and pushed for historic bipartisan achievement. unfortunately, we will like it there. the reason is that republicans will not sign on to a bold, $1 trillion tax overhaul. so, he wants to show the voters that he is the big negotiator. everything that he said the revlon in 2008. but he does not want to poison the well to make these negotiations for the rest of the week. >> what is the main message coming from republicans going into this meeting? >> it would seem that their main message is probably going to stay the same period that we are for a big deal, but not a big tax increase. or any tax increase. once again they will be challenged to expand on this sharp rhetorical edge. id is a distinction without much of a differenc
a big deal. so what is a big deal? white house officials tell me anything over $2 trillion, but he is pushing for more in the area of cuts that would equal $4 trillion over the next 10 to 12 years. now, this all comes against the backdrop of a report today in the "washington post" saying thatm president obama is putting social security on the table along with medicare and medicaid and when we asked the white house about this, they said, look, this is not news. the president has always supported the idea of small cuts in those entitlement programs to make them more effective as long as the cuts didn't impact beneficiaries and having said that some folks on the hill say there are some scenarios which would see a major overhaul of the entitlement programs, but the white house says they would not want to see anything to overhaul the main programs. but one of the sticking points here, thomas, is taxes. democrats want to see a rollback in tax credits for the wealthy americans and in big corporations, and the republicans have said no way, we don't support anything that looks like a tax in
solution, the big solution which includes tax reform and dealing with entitlements. maybe i am a whistling past the graveyard, but for the first time, i feel a tiny bit of help they can get this done. >> did we hear a suggestion from john boehner this week that a bank might consider an increase in tax revenues? -- that date might consider an increase in tax revenues? >> if you sync social security, not a crazy idea, that is a tax increase -- >>>> it is not a tax increase, it is a reduction in benefits. >> obama has, so far, thrown in the palace. says he wants of the polls close, but that wjla.com -- he says he wants loopholes closed, but that kind of increase does not get you very far. where do you cut? you have to cut everywhere, especially entitlements, especially defense. but you also have to out tax increases. >> has obama at thrown in the towel? >> that is not true. obama, as i understand it, as presented a range of options. the outside one was $4 trillion. the little group decided to drop through the weekend about getting to the big one $4 trillion which would include tax reform, may
at this hour? that is the big question that people want the answer to. the lawyers were successful disguising where she went in the overnight hours. even the press not able to keep up with her. cameras shooting this video of casey anthony walking out of the front doors of the orange county jail at 12:11. wearing pink me low shirt, hair in a bun and the primary defense attorney jose baez right by her side. they got in a motorcade, a gray suburban, a cream colored tahoe and white follow-car and drove directly from the location to a bank of of america building in downtown orlando, not far from here, where her other attorney has an office. they went in covered parking garage and pulled a bait and switch. the suv never emerged from the parking garage, but others cars did and it's not clear which one that casey anthony was in. we can tell you around the same time there was police activity across town at a private airport. a private plane was fuelled up and ready to go on the runway, but nobody saw casey anthony boarding the aircraft. officials telling us it was scheduled to carry golfers vacationin
. they are convincing one another that it is not that big after deal. so right now the white house's big hope and i don't think it is misplace said that if we go to do doom's days on this, the hope is people that get blamed will be the republicans. >> that's option 2. that's default. i've given you two options. >> it's not default if we don't stop sending out the checks. if we keep sending out the checks, it's not default. we didn't default in '95. we just got near to it. >> does the president then say, okay, i'll agree to the republican plan? what's the third option besides default and defeat? how does he force his point of view, which is a reasonable balance, two or three to one, spending cuts to revenue hikes. >> i have no idea. i should say they're talking four or five to one. >> how do we get to there then? >> he can't. on his own we simply cannot. we live in a country, the constitution, the constitution has ultimate power. a lot of people think he could ignore them by asserting constitutional authority, but that is really dependent on the supreme court. >> am i right that it depends on one man, j
? >> what we need to do is the president proposed that we deal with this very big problem in a big way. and that democrats should put all of our sacred cows on the table. we demonstrated that we're willing to put all our sacred cows on the table. the republicans are simply not willing to do anything but sit on their hands and cross their arms like spoiled children, almost. and that's just not responsible. what democrats want to do when it comes to dealing with entitlements is make sure that we don't end medicare as we know it. that we don't cut benefits but we look at medicare and social security in a way that can preserve the long-term solvency of those programs and not propose what the republicans have to end those programs. >> speak of safety nets, the president did say in his interview last night that he could not guarantee that he would continue paying social security benefits if there were a default. this is what michele bachmann had to say about that. >> we were all shocked and appalled that president obama dangeled out in front of the cameras that senior citizens may not get th
this thing started last sunday. as you say, the president has said he wants this big deal, but this thing broke up today. the meeting ended with the president telling these leader toss go back to their members and ask them what do they think can pass and then report back to the president with something that they believe can pass by this saturday morning. they're not even having a meeting tomorrow. now, despite all that, i am told by my sources that there's not a lot of optimism that this particular negotiating process here at the white house is going to actually end up lead together real deal, and a lot of effort and attention is now turning to a different process that's happening in the u.s. senate and another all the ate deal that's being worked out between the two senate leaders that could instead end up raising the debt ceiling. a lot of hope is centered there, anderson. >> basically what is that deal, that negotiation based on? harry reid and mitch mcconnell? >> reid-mcconnell deal. it would effectively raise the debt ceiling in a negative vote which would allow for spending cuts tha
. host: mississippi, janet is next. caller: i feel as long as our politicians are bought by big corporations, we cannot trust the word that they say. they will do what the corporations want. the supreme court gave corporations the right to be individuals. they do not have rights like individuals. they are individuals themselves but they should not make the decisions as far as who represents the people. a lot of people would call me ignorant, but i know how to balance my checkbook and if these people cannot balance their checkbook, they need to go home and learn how to. host: fixed the political experts from the book -- brookings institution says -- that they hash it out in private first. your thoughts? caller: my thought is that if people cannot get together and talk it out, compromise, what is the use of having separate get together is? tempore i know that i sound ignorant, but people need to sit down in a circle and come to a conclusion. host: another twitter message from boring file clerk, writing -- host: chattanooga, tennessee. gerry, go ahead. caller: thank you for c-span.
out the president has a big birthday bash scheduled for august 3rd, celebrities flying in from all over. and lo and behold, august 2nd is the deadline for getting something done so that he can have this massive -- maybe the biggest fundraising dinner in history for a birthday celebration. >> and here's iowa congressman steve king. >> it's not default. they've been calling it default to try to stampede people into taking a bad deal here in this congress. the american people understand this. they understand at least intuitively that it would be the president who would willfully default if there's to be a default. i'd like to think the investor markets understand that, too. >> keeping them honest, there's little reason to think that's true. and plenty of people in the gop establishment and the business community sending up warning flairs. officials at the bond rating company standard & poors today briefing freshman republicans about what might happen. political reporting tonight they were cautioned that one possibility is "a death spiral in the bond market". s & p is already on record
the democrats and their negotiating position in the big debt ceiling fight in washington. whether or not the white house really just put social security and medicare on the table for cuts. that is all ahead. but we start tonight with a dramatic development in a life or death issue. it is literally about life and death. about the power of the government to kill people it is holding prisoner. but it's also about presidential politics, and who will be the republican party's nominee for president this year. there are two unquestionable truisms in coverage of republican presidential politics right now. one is that the prohibitive favorite to get the republican party's nomination, the front-runner so far out in front it is almost impossible to imagine anyone catching him is mitt romney. mitt romney seen here at the romney fundraiser today in london, england, of all places. mr. romney leads in all scientific international polls at this point, in all iowa polls, new hampshire polls, and in fundraiser. he is the front-runner and is front running alone. that is truism number one. truism num
the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> jack cafferty is here with "the cafferty file." >> in 2008 president obama promised to get all troops out of the iraq by the end of this year. after winning the presidency, he vowed to keep that promise. now is the deadline for military withdrawal approaches, he's apparently prepared to break that promise. gee, what a surprise. he's offering to leave 10,000 troops in iraq indefinitely. the white house says it's concerned that the planned pullout at the end of the year could spark violence and trigger militant attacks there. and don't forget all that oil. any extension of u.s. military presence depends on a formally request from the iraqi government. so far no request has been made, but the pentagon wants to give the prime minister and his government time to decide, so if they need the help, there's time to plan
commitment to big government. what they would like to see is the government sweated down. that's the point they've been trying to make. and there are honest differences and people have a very different view of what kind of society we ought to live in. >> but at a certain point, david, when there was a big deal on the table, and if as you say the president could have brought nancy pelosi along, and i agree with you i think he could have, the republicans would have gotten a great deficit reduction deal if they hadn't committed to the no tax pledge, right? >> but gloria, asking any party to commit to a $1 trillion of tax increases is an awful big lift for a party that is all along stood for lower taxes. and when they also feel a lot of these cuts are going to turn out to be illusory. their experience in the past they sign onto the bargains and they feel the democrats eventually wind up getting what they wanted and what they were promised never materializes. >> but there's a big difference between that and nothing. you know? a big difference. [ overlapping speakers ] >> where do you see the mi
, some real big news, actually, because speaker boehner, it seems, may have a plan that will come to fruition, before 4 p.m. this afternoon so that the asian markets aren't rattled and it will involve sort of a two pronged approach. >> yeah, but the most important part of the two step process clayton mentioned there's going to be a short-term extension involved and the democrats have objected to that, as you know, from the very beginning, the president, nancy pelosi, harry reid all three last night reiterating they will not support a short-term extension. so it appears we are playing with some serious fire on this sunday. >> what does john boehner do, comes up and hands over the paper work, they immediately say no. listen to this, thises what mitch mcconnell has to say about this. there is bipartisan agreement on the need to prevent fault and given the unprecedented size of the debt ceiling increase, the president is requesting, this is not an easy process. and the effort to prevent default while substantially reducing washington spending will continue. >> of course, all of the co
and other democrats. it's not about increasing taxes for anyone. it's about getting rid of some of the big businesses who do not need these extra funds. host: phil in orlando, florida, an independent. what are your thoughts? caller: good morning. we should work on a grand bargain, instead of a mini-deal. to me, it is basic common sense. we need to get people moving in the process. it could be a national bordering program -- national program to do some work that would stimulate your psychological and social well-being. secondly, we should be making sure the parties are not playing politics and bowling to their constituents, who basically seem like the corporations that are running the government. host: would you characterize the tea party as a corporate complex? caller: the tea party has merits. we understand their protests. there seems to be sort of an ideology attached to it, as well, which is under the surface of the tea party. host: let's talk to william, a democrat in hollywood, florida. go ahead. ay the: i'm going to s grand deal. that's what we need to make. second of all, entitlemen
: i think they are looking at a deal short of this cut, cap, and balance. the would like a big deal as obama calls it. speaker john boehner is interested in that, but not much support in making a deal from his own caucus. willing to open his >> more from this morning's "washington journal." the role that religious conservatives are playing in politics. at the table, richard land of theouthern baptist convention. all of these fiscal matters. in terms of how a religus conservative views the nation's debt? >> guest: we're borrowing 41 ces of every dollar our government spends. we have been living way beyond our means for a lg time. if we do not quickly address it, and i mean quickly and significantly, we're going to foreclose our children and grandchildren's future. they will spend their entire lives paying off our debt. my generation will be the first generation in american history to be quick to the children and grandchildren and or standard of living than the one we had. my parents would be aghast at this theorld w ii generation would be aghast. their whole lives were dedicated to u
or you know, too big government. because there's plenty that needs to be done in this country. we need to fix schools. we need to fix sewers at water systems. we need to hire more healthcare workers and child care workers. and that's exactly what wee we should do. this is back -- >> we need to build highways, tunnels. look at traffic you've got to go to in chicago just to get to the show. representative, thanks for your time tonight. have a great weekend. >> thank you, al. >>> up next, michele bachmann takes another big step to the right. and falls off the deep end. is she taking her campaign down with her? >>> and the party of the rich is having some money problems. stay with us. [ male announcer ] this is america. what makes our country great? our can-do spirit and our can-do cheese. kraft singles. this cheese rolls up its sleeves and gets the job done 'cause we're always made with milk and we're rich in calcium to help build 'em up strong! and fast! is is salonpas. >>> welcome back to the show. now to discuss some of the big political stories. with we have the power panel. joining m
the democrats point of view, no tax hikes as well. >> that's the big sacrifice? one of their big cuts is a trillion dollars out of the defense budget because they figured out that the iraq war is winding down so afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right t
in a picture-taking session before the meeting there was only small talk about the big sand storm in phoenix. colleagues say house speaker john boehner told us later there is an even chance there could be abagreement soon. >> there is substantial belief whatever is going to happen is likely to happen in the next few days. i for one spend wait and see what happens. >> senator blunt concedes that boehner is an optimist and the president admits both sides are far apart. there was ample evidence of that. reports that social security changes were discussed triggered complaint from democrats despite the white house assurance that benefits would not be cut. >> do not consider social security a piggy bank for getting tax cut to the wealthiest people in our country. >> republicans suggested tax savings should be used to other tax cut and not lower the deficit. some are reluctant to raise the debt ceiling. >> none of us want to raise the debt ceiling. up in of us think it's a good idea to spend money we don't have. it's a problem we have been doing it for so long. >> senator paul says the balanced bud
we all know the country needs which is the big deal. $4 trillion of deficit reduction to get our debt going down to put america on a stronger fiscal foundation going forward. that's really what's required. i believe it's still achievable. but we've got to change a little bit about how we talk about these things on both sides. >> you said at this point you think the president is right to threat tn veto. what if it's august 1st at midnight and approaching august 2nd, the markets are clamoring, would you still say that a short-term extension and continued talks are not the best option? >> you're a very good reporter. you pick up on nuance, don't you? >> we try. >> i don't want to bargain against my position. so i think it's critically important that the president continue to push for what we all know the country really needs. it's incumbent on both sides, on both sides to come together and do what's right for america. >> chairman conrad thank you very much. good to see you. >> good to see you. >> the big question looming over all of this and the debt talks is what will happen if a deal i
, actually, if they know there's a big deal behind it will be quite -- wouldn't they, john heilemann? >> i think so. the time is tough right now. listen to harry reid and mitch mcconnell who know how the senate works and how long it takes to do the following things, to reform medicare and tax reform. they are things that typically can take many months to get done. >> isn't it a surprise? it wasn't a surprise the show started at 6:00 a.m. on the east coast. it's no surprise we have a deadline. >> to build the legislation is not something that can happen in the span of four or five days. you can't. the key issue is what obama will be wanting to see is the outlines of a deal where he has a good assurance the outlines of the deal can get past once the meat is put on the bones. if that's the case and the markets see that, everything will be fine. whether it's a few days extension or a couple weeks, it's going to take a lot to get to that point. there's no consensus on the house side among house republicans in favor of what the gang of six is doing. as we saw in the film, the video, house democr
beginning to deal with all the grief here. incredible this country is not that big, only 5 million people, so such a massive attack has really taken its toll. as someone was telling me this morning, everybody knows somebody, that knows somebody or is related to them. the kids in the camp were womaning from all over the country. finally, jenna, it's very sad in so much of these parts the judge saying after tharbg the hearing waafter that, the hearing was closed and but he came out and talked a little bit about it. he said he was not interested in the number of people he had to kill, he just wanted to make a statement. he certainly did that. jenna: certainly indeed and sad as you say, greg. more developments as we get them from norway, greg burke, thank you. jon: we still have debt deadlock on capitol hill with the default deadline just eight days away now. congressional leaders are still struggling to hammer out some kind of a deal, one that would raise the limit on our nation's credit card while cutting trillions of dollars in spending. house speaker john boehner may unveil his own bill t
amendment? >> well, this has become a very big subject in the law professor world. the 14th amendment is one of the most familiar parts of the constitution, guarantees due process of law, equal protection of the law. but there is frankly a provision in section 4 that i have never paid any attention to before. and it goes like this. section 4 of the 14th amendment said "the validity of the public debt of the united states shall not be questioned". now, i don't know exactly what that means. i don't think anybody knows precisely what that means. but it has been suggested that under that provision, president obama could simply order that the debt be paid and that this crisis be forestalled. he has mostly reject that option, but as far as i've read their statements, they have not completely rejected that option. obama has always said, look, i think this should be dealt with by congress, not by unilaterally under the 14th amendment. but under my reading of their statements, they haven't completely ruled out in a total crisis situation invoking the section of the amendment and ordering the debt pai
was apparently trying to do, get a big deal in a balanced way. so, that's the good news. again, the details still have to come out and senator durbin, a member of the gang of six said yesterday, they don't have legislative language. the question is, you know, what can be done between now and august 2nd, if anything with the plan or do we need to continue to proceed with a back-up plan, plan b. >> chris, i was going to ask earlier, last hour to steve rattner who was here and suggested if the plan were to go forward, there would have to be a month or two month extension to allow the committee chairman and chairwoman in the house and senate to do their business. this would be the most dramatic reform of entitlement since the reagan era. there would have to be an extension of time for the debt ceiling, would there not? >> i think it's right. we would have to work out some interim arrangement to proceed down that road. again, exactly what the time line would be and that question would remain to be seen. the good news is this provides some additional momentum to the idea of getting something big done.
Search Results 0 to 49 of about 55 (some duplicates have been removed)

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